SONGWON

A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.

Headquartered in South Korea, SONGWON is the 2nd largest manufacturer of polymer stabilizers worldwide. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.

Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
+41 52 635 0000
www.songwon.com

SONGWON Industrial Group announces Financial Results for Q1/2021

SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the 1st quarter of the year, ended March 31st, 2021. Following the surge in demand observed at the end of 2020, especially from customers in Asia, SONGWON entered the new fiscal year positively with demand continuing to rise across its markets. During Q1, the Group achieved consolidated sales of 222,487 Million KRW. When compared to sales in Q1/2020 (210,543 Million KRW), this marked a 5.7% increase in revenue. In addition, SONGWON’s gross profit margin reached 21.6% (Q1/2020:19.7%) in Q1/2021 and a decrease in net profit (Q1/2021: 9,164 Million KRW) of 18.0% was recorded over Q1/2020 (11,182 Million KRW) due to the anticipated losses recognized in March 2021 related to the sale of 72% interest in Qingdao Long Fortune Songwon Chemical Co., Ltd. with effective date as of April 30, 2021.

SONGWON establishes new entity in China

Songwon Industrial Co., Ltd., announces the establishment of its new business entity in China, SONGWON International-Qingdao Co., Ltd. The new organization will ensure that SONGWON remains well-positioned to continue providing customers in this important strategic region with high quality products and service.

SONGWON announces further price increases for its polymer stabilizers

Songwon Industrial Co., Ltd. today announced global price increases on all its polymer stabilizers products. The increases are effective immediately or as contracts allow.

SONGWON announces exclusive distribution partnership with Chemo International Inc.

Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and key global player in the specialty chemicals business is pleased to announce that it has entered a distribution partnership with Chemo International Inc., for its Business Unit (BU) Coatings.

SONGWON Industrial Group reports stable results for FY 2020

SONGWON Industrial Group (www.songwon.com) today released its financial results for FY 2020. During Q4/2020, revenues recovered and amounted to 203,843 Million KRW on December 31, 2020, marking a 3.4% increase compared to the same quarter of 2019. SONGWON recorded overall consolidated sales of 807,768 Million KRW for FY 2020 which was slightly lower (-0.8%) than the consolidated sales in FY 2019 (814,340 Million KRW).

SONGWON further streamlines its leadership structure

Songwon Industrial Co., Ltd. (www.songwon.com) the 2nd largest manufacturer of polymer stabilizers in the world, and key global player in the specialty chemicals business announced today that it has made further changes to its leadership structure to streamline the company moving forward.

SONGWON announces global price increases for its polymer stabilizers

SONGWON Industrial Co., Ltd. announced today that prices for all its polymer stabilizers products will be raised by up to 10%, depending on the product line and region.

SONGWON appoints Makwell Plastisizers as its exclusive distributor for PVC additives in India

SONGWON appoints Makwell Plastisizers as its exclusive distributor for PVC additives in India. 
(Photo: Songwon Industrial Co., Ltd.)
SONGWON Industrial Co., Ltd. announced today that as of December 2020, Makwell Plastisizers Pvt Ltd (Makwell) based in Mumbai is its exclusive distributor for PVC additives in India.

SONGWON further strengthens its ongoing commitment to China’s coatings industry

SONGWON further strengthens its ongoing commitment to China’s coatings industry (Photo: Songwon Industrial Co., Ltd.)Over the past year, SONGWON Industrial Group www.songwon.com, the 2nd largest manufacturer of polymer stabilizers in the world, has continued to strengthen its commitment to the coatings industry in China. In order to better serve customers, SONGWON has steadily built up an extensive network of highly competent and experienced distributors throughout China to expand and promote its offering to the region’s Coatings market.

SONGWON announces global price increases due to higher freight rates

SONGWON Industrial Co., Ltd. announced today that prices for all its products will be raised by 2-5%, depending on business line and region.

SONGWON Industrial Group reports Financial Results for Q3/2020

SONGWON Industrial Group (www.songwon.com) today announced its financial results for the 3rd quarter ending September 30, 2020. In Q3/2020, the Group achieved consolidated sales of 195,237 Mil. KRW, marking a 6.3% decline in revenue compared to sales for Q3/2019 (208,388 Mil. KRW). During Q3/2020, the EBITDA increased by 7.3% to 24,349 Mil. KRW and the Group recorded a net profit increase of 19.8% (8,746 Mil. KRW) over Q3/2019. SONGWON achieved YTD September 2020 consolidated sales of 603,925 Mil. KRW.

SONGWON expands its range of SONGFLAME® WB flame-retardant synergists

SONGWON expands its range of SONGFLAME® WB flame-retardant synergists.
(Photo: Songwon Industrial Co., Ltd.)Following the launch of SONGFLAME® at K-2019, SONGWON has further developed its proprietary halogen-free technology and is adding a new product to its portfolio of flame-retardant synergists.

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